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I have no thoughts on that. It seems you came here to gloat, and offer a lot of unsolicited trading and life advice. People would take you more seriously if you weren't condescending.
I suppose it's easier to blame those that reported the illegal activities to the sec than to blame the people actually breaking the law? lol
Definitely seems like he's trying to manipulate the board to just take the loss and go away quietly. I haven't replied to him because I can not take the way he types with a comma after every third of fourth word and replying to him will just make me have to read more of it.
I suspect the crack theory is closer. Even Ballas knows how to use periods and make complete sentences.
No, that's not the bottom line. The bottom line is he broke the law to do it. Selling shares isn't illegal. Using them to pay off fake debt so he and his buddies could make millions at the expense of investors is illegal.
Hey, just reposting some of my old research posts in case it helps you go after Ballas.
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Feb 28 2015 Notes:
Note 12 – Long Term Debt
The company is indebted to R Holdings 9 Inc. for monies advanced to subsidiaries of the company prior to the fiscal year 2011. Accordingly this note was assumed by the company and recorded on the books of the company for the initial indebtedness of $600,392.
During March 2014 $65,000 was advanced to James Ballas, CEO of Ubiquitech Software by Common Sense Holdings LLC to be used for working capital purposes of the company. A note has been recorded on the books of Ubiquitech Software dated March 31, 2014 in favor of Common Sense Holdings for the principal balance.
During March 2014 $50,000 was advanced to James Ballas, CEO of Ubiquitech Software by Beacon Capital to be used for working capital purposes of the company. A note has been recorded on the books of Ubiquitech Software dated March 31, 2014 in favor of Beacon Capital for the principal balance.
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Feb 28 2015 Ammended Notes:
Note 12 – Long Term Debt
As of February 28, 2015 the company had $683,516 of long term debt.
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I can't find mention of this prior to Feb 28 of 2015. So this is what happened:
<2013, Ballas owns Blue Crush and accumulates 600k of debt to R9.
Sells blue crush to to UBQU for 25.5m shares.
UBQU only has 50m total (40m outstanding), Ballas at that point owns 50+% (Controlling interest) of the company.
Balls appointed CEO, pays former ceo (and a few others) with shares shares worth millions.
November 2013 SP is about .46.
I can't find the dates ( I have 30 pdf's open) but If you look at a 5 year daily chart you can see where Ballas immediately began diluting to pay off his debt. And in mid 2016 got 900m more shares to dilute with. Then he not only paid off the old debt that came over with Blue Crush and wasn't reported until 2015 (years after the acquisition), but acquired unnecessary new debt!!, which we already know was paid off with our money (diluting shares).
Look at the notes above, amended vs. pre-amended.
Investors were buying shares in a company that had unreported debt. And Blue Crush/Ballas was paid enough in shares to pay off the debt!! They could have converted that 25m shares in 2014 into anywhere from 2.5 to 12 million dollars! Instead they diluted all of the value out of the stock and screwed investors.
There is so much more here, I just don't have the time or the inclination to sort it all out. The original CEO was on his way out before Blue Crush was "purchased". He was paid millions. The debt showed up on the books 4 years after it was uncured, and 2 years after it should have been reported. Blue crush was purchased for about 12 million dollars. One year later, the entire company is worth less than 4 million, while many millions of dollars worth of shares are siphoned off to private parties. And the debt wasn't reported until after the damage was done. The share price basically didn't move from 2010 until march of 2013. It rose from nothing to almost .5 for one year, beginning a few months before Ballas took over, and crashing with his leadership.
The arrow indicates the approximate time current management became involved if that helps.
http://prntscr.com/rsnf98
Because what went wrong was illegal.
That has been mostly irrelevant for 5 years or so. All they do now is advertise, and sometimes ship, cbd products. Their main source of income, not mentioned in that description, is stealing money from investors.
'Push this up to run' how? 592m won't even clear what's currently on the ask @ .0001. Not to mention the billions not currently on the ask that would show up there immediately if it looks even slightly like someone was willing to pay .0001 to own them.
Just curious, what makes you guys think this will ever move again?
He gave up his chance to win when he scammed his investors out of millions. It’s got nothing to do with updates.
He's not in a no win position with releasing updates. He has been scamming you guys for years. I'd be calling the news stations in his home town or something, lol.
If he cared at all about shareholders, he wouldn't have raped us all with that convertible share debt scam.
He has said that every year since 2015.
I'm sure you're right. We found all kinds of shady stuff. UBQU lenders with addresses that were abandoned warehouses. Lenders that went out of business many years ago. Loans showing upon the books years after they were apparently taken. Debt that came to the company with Ballas and wasn't reported until 2 years later.
I'm no longer surprised by anything Ballas and his criminal friends try to pull off. The SEC has made it clear they just don't care.
No. It is not a good one. Unless you're looking for a tax write off.
It should have a 4 digit number after it. I need that.
Ok man. I’m not home tonight but I’ll get you an invite later tonight or tomorrow.
No problem
It's on discord. That's a chat app. If you get that downloaded and setup a username I can invite you. Just private message me your username if you get it setup.
Lol, definitely happens! If you decide to trade them again, I chat with some guys in discord that are very good at it and we exchange ideas. It used to be a paid service but they stopped charging and several of us stuck around. I can probably get you an invite if you decide to get back into it.
I've switched to regular stocks and options. So much less stressful and none of the bull shit that comes with CEO's like Ballas.
It's the penny stocks, man. I will never give another red cent to these scammers down here in penny land.
He isn't even thinking about this company anymore. He does not care one bit. He avoided jail and is on to his next scam.
Man, this thing is dead. They probably had to start shipping product again to stay out of jail, but the stock is as dead as it can be and still be listed on an exchange. James Ballas killed it. Dead.
http://prntscr.com/qkf22v
Luke went to trifecta. He has the client list from ubqu.
You guys following one of the scammers to a new scam? lol
James doesn't care. He'll probably just be happy to get out of this situation as a free man.
Lol, that "bullish" analysis.
James Ballas, and probably several others, should definitely be in prison for this long running scam.
My guess, 100% speculation, is that Ballas was going to abandon it all until the SEC got involved. Silent for 6 months or more, then shortly after a bunch of people are arrested for running very similar scam companies he decides to do the right thing? At least, no matter his motivations, he is back in business and communicating with you guys.
I show no bid and about 2m on the ask. 3.2m volume. I see it shows .00006 as low, but I don't see any trades at that price today.
http://prntscr.com/ptt6ha
I expect the SEC to go after Ballas, but that's probably wishful thinking at this point. As a company they are literally in worse shape than they were when I got in years ago. In 2017 (I think that was the year), they had income of a few million and 500m outstanding shares. They had almost enough cash on hand to pay off any debt and were well on their way to hitting that 50 million dollar 5 year mark.
Then in the first part of 2018 the financials showed that they had borrowed MORE money from ANOTHER shell company and were paying them back with convertible shares. Around that same time was when we learned about the additional 10 BILLION shares. Devastating news. Many of us bailed immediately, that day. Others were stuck, as it wasn't easy to dump millions of shares with the price dropping like a rock.
Those that got stuck, or trusted Ballas, are some of the ones that are still here hoping Ballas finds a conscience or some business sense. I've seen no indication of either.
He has really scammed millions. Back when the share price was .01-.03, he converted many hundreds of millions of shares via shell companies he would "borrow money" from and pay back with shares. The debt was reduced at .001 per share, but the shell company could sell the shares at market price. You can do the math, he raked in 10's of millions of dollars on that scam while only reducing the fake debt by thousands.
Only if you need a 100.00 tax write off.
Yeah, you'd need a whale coming in buying up billions of shares. And anyone with pockets deep enough to make a difference is probably gonna want to analyze the financials first. Those fins are what ran me away and my pocket change isn't even enough to be a blip on the screen.
Here is something I posted back in May explaining what I mean about the charts showing accumulation and such.
_____________________________
I'm definitely not trying to rain on the parade here, but because of the way accumulation is calculated it holds zero value when the stock is trading this long at .0001-.0002. It uses the high of day, low of day, closing price and volume. So in the case of UBQU, the only changing factor from day to day is volume.
PH Price High
PL Price Low
PC Price Close
PH-PL
______________*Volume for the period
(PC-PL)-(PH-PC)
So it's always
.0002-.0001
___________________________ *Volume for the period
(.0002-.0001)- (.0002-.0002)
So it will always be 1 * volume for period.
The only time it would be different is on the rare occasion it closes at .0001. On those days it would be 0* volume.
The accumulation reading from whatever site you're using is in effect just reporting total volume for the time frame, minus volume of the days it closes at .0001.
It's because at the current price, and with the lack of diversity in the daily range, those numbers don't apply. Some platforms account for that, but most don't and will show accumulation etc. even though the calculations used to determine accumulation/distribution clearly and definitely do not work in this situation.
Those breakout boards just compare how many messages are posted in certain time frames. So if nobody posts on day 1 and 10 people post on day 2 it's a breakout. But if 10 people post on both day 1 and day 2, it's nothing.